| Make foodmate.com your Homepage | Wap | Archiver
Advanced Top
Search Promotion
Search Promotion
Post New Products
Post New Products
Business Center
Business Center
 
Current Position:Home » News » Condiments & Ingredients » Oil & Fats » Topic

AAK captures Turkey's leading frying oil brand

Zoom in font  Zoom out font Published: 2014-07-22  Views: 21
Core Tip: AAK is to acquire Turkish frying oil brand Frita from Unilever. Frita, said to be a market leader in the frying oil segment in Turkey, covers a significant part of the local food service market.
AAK is to acquire Turkish frying oil brand Frita from Unilever. Frita, said to be a market leader in the frying oil segment in Turkey, covers a significant part of the local food service market. The brand had revenues of approximately SEK 75 million in 2013.

The acquisition should be seen as a natural addition to AAK Turkey’s existing product portfolio, the company said, and is an add-on to the Unipro acquisition during the third quarter of 2013.

“Frita has a very good reputation in Turkey and AAK Turkey already covers 80 percent of the Frita customers with our current bakery distribution”, said Torben Friis Lange, president Asia, CIS and Middle East. “By acquiring Frita, we will extend AAK Turkey’s product offerings.”

The company said that the impact on AAK’s operating profit is expected to be very limited.

Earlier, AAK had announced its second quarter results with operating profits at a record SEK 272 million, up 11%. The results, said the company, were driven by the expected and continued significant improvement in chocolate and confectionery fats and continued improvements in food ingredients.

 
 
[ News search ]  [ ]  [ Notify friends ]  [ Print ]  [ Close ]

 
 
0 in all [view all]  Related Comments

 
Hot Graphics
Hot News
Hot Topics
 
 
Powered by Global FoodMate
Message Center(0)